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PhonePe gets Rs. 452 crore funding from Flipkart

Thursday, August 9, 2018, 11:39 AM

Online retailer Flipkart has infused about Rs. 452 crore into its payments arm PhonePe Pvt. Ltd, a time when the UPI-based platform is expanding aggressively to take on SoftBank-backed rival payments start-up Paytm. In October last year, Flipkart had said it would invest Rs. 3,500 crore to expand PhonePe. Last week, PhonePe claimed top spot on UPI network, leaving Paytm and Google Tez behind.
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Reliance Jio, SBI tie up for digital banking service

Friday, August 3, 2018, 9:41 AM

Reliance Jio and SBI, have tied up with to provide a platform offering digital banking, commerce, and financial services to customers. YONO's digital banking features and solutions will be enabled through the MyJio app, and Jio Prime will offer exclusive deals from Reliance Retail and Reliance Jio. Additionally, "Jio Phones will be available on special offers for SBI customers," said SBI in press statement.